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The Venture Codex

e2vc

Pier 5, Suite 101, San Francisco, CA, 94111, US

Overview

A regional specialist fund operating within the early-stage emerging europe to US pipeline; backing emerging european founders within Eastern Europe and bridging them to the US at the earliest of stages. We also back immigrant founders from emerging europe in key end-markets like San Francisco, NYC, London and Berlin alike.

Total investments
16
Lead investments
5
Investments · 12mo
12
Active investors
4
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Investment portfolio

  • Bold Games

    Led · Seed · Jul 2026

    Bold Games was formed by founders Ulas Mergen, Atakan Tuglu, Candas Demirel and Baris Incesu, who have prior experience at Bigger Games, Agave Games, Dream Games, ZeptoLab and Rollic. The studio focuses on creating casual and puzzle mobile games and is positioning Market Match as its debut title. Bold Games emphasizes combining strong execution with creative product thinking to build games that can retain players over years. The company plans to use the newly raised $6 million to expand its team and scale Market Match. No financial metrics, revenue figures, user counts or prior funding rounds were disclosed in the articles.

  • Monogram

    Participated · Seed · Jun 2026

    Monogram develops visual, interactive interfaces that answer user queries with generated visuals and interactive cards instead of text-only chat—for example producing interactive recipe cards with ingredient lists and step-by-step instructions. The company argues this UI approach can broaden AI adoption similarly to how graphical user interfaces opened computing to nontechnical users. Monogram launched an iOS app alongside its fundraising announcement. It was founded by Eren Bali with co-founders Edouard Tabet and Murat Akbal. Financially, the company has raised a $40 million seed round led by DST Global and Lux Capital; articles do not report revenue, users, or other operating metrics.

  • Mission Control Games

    Participated · Seed · Apr 2026

    Mission Control Games was founded by industry veterans Kıvanç Okutur (CEO) and Murat Gürel (CTO) from the Merge Dragons team to build novel experiences in the casual puzzle genre. Headquartered across London and Istanbul, the studio aims to explore new design approaches and create original sub-genres rather than replicate existing formats. The team emphasizes speed and iteration to rapidly test and refine concepts, and plans to leverage emerging capabilities in artificial intelligence to make games that "feel alive." The company has stated an ambition to become the largest mobile gaming company with the smallest team. With the $4 million pre-seed raise, Mission Control Games will expand its headcount and accelerate development of its first title.

  • Handhold

    Participated · Seed · Apr 2026

    Handhold builds AI account managers that manage the full customer lifecycle—from first website visit through qualification, demos, onboarding, retention, and expansion—by assigning persistent agents that carry context across text Q&A, voice demos, and in-product activation. Founded by Georg Vooglaid and a co-founder who previously worked on related ventures, the company launched its initial product in May 2023, pivoted in late 2024, and soft-launched the current platform in September 2025. Early traction includes more than 15 customers and a strong six-figure ARR by year-end, with cited customer outcomes such as a 60% reduction in bad-fit demos and double-digit monthly growth in sales-qualified leads for one user. Handhold targets SMB segments where one-to-one human account management is uneconomical, enabling sales teams to focus on mid-market and enterprise accounts while AI agents handle lower-value inbound volume. The company is also piloting use cases beyond SaaS, for example guiding users through consumer device setup via QR-code-triggered agent flows. Its roadmap emphasizes improving agent quality, compounding context across the journey, and expanding go-to-market to scale management of customer bases.

  • Mandel AI

    Participated · Seed · Mar 2026

    Mandel AI builds an AI supply chain coordination platform that sits atop existing email and ERP systems and uses purpose-built AI agents to read supplier communications, extract critical data, reconcile purchase order confirmations and invoices, and act autonomously. Its agents follow up with suppliers, flag discrepancies, and escalate issues according to company-defined rules, replacing email-and-spreadsheet workflows. The company reports it has processed more than $1 billion in material spend for clients across aerospace, pharma, industrials, and other complex manufacturing sectors. Mandel says one procurement manager using its agents can coordinate work that previously required an entire team by handling hundreds of supplier emails per day, around the clock. The startup aims to become an API for global trade communication and enable self-coordinating supply chains across manufacturers and distributors in North America and Europe. It is led by founder and CEO Nick Gospodinov.

Team